Veterans Health Research Institute Of Central New York Inc
- Assets
- $890.4k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Syracuse, NY
- Founding
- 05/1991
- Data as of
- 09/2023
- EIN
- 16-1365231
Organization Overview
Veterans Health Research Institute Of Central New York Inc is located in Syracuse, NY. The organization was established in 1991. As of 09/2023, Veterans Health Research Institute Of Central New York Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Health Research Institute Of Central New York Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Veterans Health Research Institute Of Central New York Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 3.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION OF THE VETERANS HEALTH RESEARCH INSTITUTE OF CENTRAL NEW YORK INC., AN IRC SECTION 501(C)(3) CORPORATION ESTABLISHED IN ACCORDANCE WITH USC TITLE 38, SUB CHAPTER IV - RESEARCH AND EDUCATION CORPORATION, SECTION 7361-7368 IS TO ADVANCE THE RESEARCH MISSION OF THE SYRACUSE VA MEDICAL CENTER AND THE FINGER LAKES HEALTH CARE SYSTEM. THE OVERARCHING GOAL OF ALL RESEARCH ACTIVITY IS TO IMPROVE MEDICAL CARE FOR ALL VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS ENGAGED IN MEDICAL RESEARCH TO DISCOVER, DEVELOP OR VERIFY KNOWLEDGE RELATED TO CAUSES, DIAGNOSIS, TREATMENT OR PREVENTION OF PHYSICAL OR MENTAL DISEASES AND IMPAIRMENTS FOR VETERANS. DURING THE YEAR, THE ORGANIZATION HAD APPROXIMATELY 30 STUDIES AND 116 PATIENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Syed Asif Ali Vice Preside | OfficerTrustee | 2 | $0 |
Paul Dougherty Member | Trustee | 5 | $0 |
Bruce Tucker Member | Trustee | 2 | $0 |
Richard J Servatius President | OfficerTrustee | 10 | $0 |
Lori Gould Executive Di | Officer | 40 | $103,675 |
James Henderson Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119 |
| Total Program Service Revenue | $1,584,600 |
| Investment income | $13,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,597,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $895,775 |
| Pension plan accruals and contributions | $27,714 |
| Other employee benefits | $66,828 |
| Payroll taxes | $88,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,515 |
| Fees for services: Accounting | $28,411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $332,747 |
| Advertising and promotion | $0 |
| Office expenses | $10,497 |
| Information technology | $8,013 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,934 |
| All other expenses | $0 |
| Total functional expenses | $1,575,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $290,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,526 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $293,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $890,429 |
| Accounts payable and accrued expenses | $114,646 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $114,646 |
| Net assets without donor restrictions | $775,783 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $890,429 |
Grants Awarded
Over the last fiscal year, Veterans Health Research Institute Of Central New York Inc has awarded $58,068 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ROCHESTER PURPOSE: TO PROVIDE RESEARCH RELATED TO OUTCOMES IN CALLERS TO THE VA'S 24/7 VETERANS CRISIS LINE | $43,374 |
COLUMBIA UNIVERSTIY PURPOSE: TO PROVIDE RESEARCH RELATED TO OUTCOMES IN CALLERS TO THE VA'S 24/7 VETERANS CRISIS LINE | $14,694 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Va Research Institute Inc Boston, MA | $28,144,486 | $17,108,717 |
Nassau Health Care Foundation Inc East Meadow, NY | $5,128,646 | $2,169,556 |
Veterans Health Research Institute Of Central New York Inc Syracuse, NY | $890,429 | $1,597,730 |
Reliant Foundation Inc Worcester, MA | $27,900,604 | $695,207 |
Corporation For Advancement Of Medical Technologies Boston, MA | $1,504,236 | $681,017 |
Carl J Shapiro Institute For Education & Research At Harvard Boston, MA | $5,019,537 | $631,964 |
Renfrew Center Foundation Philadelphia, PA | $409,719 | $317,046 |
Mcgrorty Foundation Inc Brewster, NY | $4,084,476 | $208,371 |
The Albert And Lin Bildner Foundation Inc New York, NY | $785,475 | $46,590 |
American Federation For Medical Research Foundation Beverly, MA | $137,918 | $0 |
Cancer Research Foundation Inc Chappaqua, NY | $135,192 | $0 |